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November 6, 2014     Clinch Valley Times
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November 6, 2014
 

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Page 2 CLINCH VALLEY TIMES St. Paul, Va. Thursday, November 6, 2014 Of shoes..and ships..and 00tl'ng wax.. 00re00ory Great wealth Reprinted from November 4, 2010 Don't I wish! Don't most of us, in fact, wish that we were able to put ourselves into that category. Do you ever fantasize about winning the lottery, for instance? And if so, if you're anything like we are, you continue the fantasy by deciding how to spend it all. You'd be amazed at the ways we think of to use the millions of dollars that the lottery would produce-=it's not at all uncommon for the jackpot to go into eight or nine dig- its, after all, and even after Uncle Sam gets his 40 per- cent (or whatever it is) off the top, there's usually still an awesome amount of money left. Several years ago I ran across a quote from a previ- ously-unknown (by me, anyway) English author, George Gissing. Born in 1857, he was only 46 when he died in 1903, but the 23 novels he had written allowed him to be well known. The quote, taken from one of his early books which dealt with poverty and the working class, seems to me to have been born of a certai n long- ing" "That is one of the bitter curses of poverty; it leaves no right to be generous." Once upon a time, a million dollars seemed like more money than any one person could possibly have, but what with inflation and all the other elements that have to do with the economy and the resulting value of money, today we speak of billionaires the way we used to refer to millionaires. And it's amazing to read about how many there are--even in Virginia we have more than one billionaire. I know no billionaires, but I do know some people who have been extremely successful and who have amassed considerable "security" for themselves and their families. Of course, there are cul- tures whose people believe even the poorest Americans to be rich. While that may be, it remains that there are many in this country who are in desperate need, just as many of those in developing countries are in need. Shame on us for it! Never-the-less, we are fortunate to have a reasonably prosperous middle class, although it appears to be shrinking almost by the day, and those of us who consider ourselves to be part of it are fortunate, indeed. Nevertheless, many of us, while certainly not in the midst of poverty, are unable, as Gissing observed, "to be generous," at least in the style which those with great wealth are able to be generous. Many of those who are in the .financial upper class are able to enjoy the kinds of generosity that that produce scholarships and new schools and hospitals, all of which must provide the most astonishing amount of satisfaction and pleas- ure to the giver. Of course ther6 are those with great wealth who don't choose to be concerned with giving their wealth away. A notable exception to that sort of wealthy person just happens to be one with whom nearly everyone is familiar--he was listed as being the richest man in the world all but one year between 1995-2009--in 2008, he was ranked third. He is, of course, Bill Gates; who is now 55 years old. He, his wife Melinda and their three children (two daughters, one son) live in Medina, Washington, in a unique "earth-protected" house. The annual property tax on the house and grounds is $991,000. (No, I didn't make a typo-graphical error-- the real estate tax each year is nearly a million dollars.) The source of Bill Gates' fortune, of course, is Microsoft, a company he founded years ago with Paul Allen. Gates, the son of an upper middle class family, enrolled at Harvard after scoring 1590 (of a possible 1600) on his SAT test. However, he dropped out of Harvard in 1975 to pursue his American dream, and never returned. Much of the rapid rise of the com- puter's importanc e and the development of the Infor- mation Age can undoubtedly be credited to Bill Gates, his company and his vision for wha.t could be=Along the way, he was criticized, ostracized and accused of antitrust activities in United States v. Microsoft. In spite of the fact that the company was found guilty of violat- ing antitrust laws, it continued to grow, and GateS' wealth grew with it. He stepped down from active participation in Microsoft in July, 2008, to devote more time to the William'H. Gates Foundation, which was organized in 1994 with an initial stock gift of $94 million. In 1999, it became the Bill and Melinda Gates Founda-tion, and acquired an additional $126 million from Bill Gates. It grew from there, and noteworthy is an approximately $30 billion donation from Warren Buffett in 2006. Buffett's contribution was in the form of stock, is bein added to the Foundation on a clearly defined schedule, and it carries specific terms as to how quickly it must be used for the goals of the Foundation. The Gates Foundation is defined as "the largest transparently- operated private foundation in the world," and is con- trolled by three trustees: Bill Gates, Melinda Gates and Warren Buffett. As of De-cember 31, 2009, the Foundation had an endowment of $33.5 billion. The Foundation has multiple goals, which were, incidentally, discussed on an episode of 60 Minutes sev- eral weeks ago. Globally, Gates Foundation funds are used to enhance healthcare and reduce extreme poverty. The Foundation partners with appropriate organizations in pursuing its various goals, such as finding vaccines and administering them and provid-ing assistance in the case of natural disasters. In the United States, goals include expanding educational opportunities and access to information technology. To date, the foundation has provided the means for 20,000 young people in the U.S. to attend college. Libraries in the United States have benefited from the goal of providing access to informa- tion technology, as computers, software and training are provided Bill Gates uses his great wealth to be generous and bring about positive change. Have you decided what you'll do with your fortune when you strike it rich? Sheriff's Report RIBBON Cutting at Mountain View Lodge...Pictured left to right are Michael Wampler, Wise County Tourism; Rick Colley, President Wise County/City of Norton Chamber of Commerce; Shannon Blevins, Economic Development Director UVa-Wise; Laura Witt, Julie Witt, Buzzy Witt, owner; Melissa Coffey, First Bank and Trust, Wise; Lou Ann Wallace; Michael McGregor, Miner's Exchange Bank, St. Paul. The eight unit Mountain View Lodge was con- structed by Ball Construction Company, Norton, IF YOU USED THE BLOOD THINNER XARELTO Kids in our community need super parents like you. Call us today! 855-367-8637 umfs.org and suffered interna I Needing, hemorrhaging, required hospitalization (r a loved one died while taking Xarelto between 2011 and the present time, you may be entitled to compensation. Call Attorney Charles H. Johnson 1'800,535.5727 Letter to Editor...Thanks Dear Readers: The Zombie Prom was held on Saturday, October 25, and it was a good time. Proceeds from this fundraiser will benefit The Lyric Project and programs at The J. Fred Matthews Memorial Library. Crowned King and Queen were Phillip and Catherine Edwards. Prince and Princess were Connor Morrison and Emily Morrison. Winner of the giant pumpkin was Landon Edwards and Cindy Merricks won the beautiful candy basket raffle. Please support the following businesses that donated to the Prom: Cathy Mays State Farm, TruPoint Bank, Carter Bank and Trust, Ma's and Pa's Restaurant, Briar Wood Primitives, Bailey's Skate Shop, Jamie's Auto Service and Repair, St.Paul Main Street. Thank you! Special thanks to these volunteers who donated time, talent, or money: LaDonna 'Nursey' Cantrell, Charlie Engle, Lou Wallace, Bill Wallace, Barbara Trent, Vickie Hobbs, Teresa Harless, Jody Evans, Suzy Harrison, Jennifer Bailey, Joan Austin, Belinda Levy, Barbie Merlette, Ed Salyers, Cathy Mays and her staff. Thanks to all who bought a ticket! Donations for The Lyric Project are accepted at any time. Check out The Library! Thank you, Kathy Stewart LETTERS TO THE EDITOR Readers are invited to write letters on matters of general interest to the public. Letters do not necessarily reflect the philosophy or edi- torial policy of this newspaper, which reserves the right to edit letters. The Clinch Valley Times will not print unsigned letters. The Wise County Civil Process Served: Sheriff'S Office reports the 456 Civil Papers following activities for the Traffic Accidents: 4 period of 10/20/2014 20 Additional Criminal through 10/26/2014. Investigations were initiat- Wise Central Dispatch ed and 26 Cleared by received a total of 1,771 Arrest. calls for this seven-day Sheriff's Office provid- period, ed 229 man-hours of Court Of the total calls Room Security. received 451 were dis- Unlocked Vehicles: 20 patched to the Sheriff's Escorted Funerals: 7 Office The Sheriff's Office Total number of Transported: Domestic calls for this 1 Adult InState period was 6. 3 Adults Out of State Criminal Process for 2 Mental Patients this period: Served 72 4 Juveniles Felony Warrants, 41 Total Transports: 10 Misdemeanor Warrants, 2 Total Transport Hours: DUI Arrests. 36 Third Annual Cavs Trio Silent Auction December 4 The Third Annual Cavs Trio Silent Auction will be held Thursday, Dec. 4 from 4 p.m. - 9:30 p.m. in the David J. Prior Convocation Center. The Women's Basketball team will compete against West Virginia Wesleyan College at 5:30 p.m. and Men's Basketball team will com- pete at 7:30 p.m. The event includes a wonderful col- lection of items ranging from infrared heaters to handmade scarves to UVa- Wise corn hole boards to a wide assortment of gift cards, Proceeds will bene- fit volleyball, women's basketball and softball teams. The Third Annual Art Bazaar will be held December 8 - 12. The Art Bazaar is a collection of unique, handcrafted art- work by students, faculty, staff, and community members. This year we will have a new selection of jewelry, photography, paintings, ceramics, scarves, handbags, vreaths, ornaments, wood- work and more! All pro- ceeds benefit Art student scholarships and Gallery 121 operations. You may participate in a couple of ways. If you wish, you may donate artwork, jewelry, or anything else that you think might be appropriate for the Art Bazaar and you may do so by contacting Jessica Necessary at (276) 328-0256 or email to jjn5y@uvawise.edu. All donations are eligible for tax deduction. You are also invited to attend the open- ing reception planned for Monday, December 8 from 11:30 a.m. - 1:30 p.m. out- side of Gallery 121. It's a perfect time to do some holiday shopping! Gallery 121 is a non-profit organi- zation and continues to operate through the gen- erosity and support of our community. For more information about the Art Bazaar, please contact Jessica Necessary at 276-328- 0256. For more information about the Cavs Trio Silent Auction, please contact Coach Salyer (276-376- 3423), Coach Kunzman (276-376-3424) or Coach Bitter (276-328-0260). Clinch Valley Times MEMBER VIRGERA PRESS ASSOCIATION Published weekly in St. Paul, VA 24283, by the CLEqCH VALLEY PUBLISHING CO., INC. The Clinch Valley Times serves the four-comxty area of 'Vise, Russell. Dickeason and Scott, with 6ffices and plant located in the CLINCH VALLEY TIMES building, 16541 Russell Street. Pexiodicals postage is paid at the Post Office in St. Paul, VA 24283 AUen Gregory EditorlAdv, Susan Trent Adv./Graphics ANNUAL SUBSCRIPTIONS: In advance: $28.50 in Wise and Russell Counties; $30.00 in other 24-zip-c0ds; elsewhere $32.50. POSTMASTER: send address changes to: Clinch Valley Times, P.O. Box 817, St. Paul, VA 24283 SINGLE COPY- 50c Classified Advertising: mini- mum charge $6.00 for up to 20 words, in advance; 25e per word after 20 words. Display Advert- ising rates on application Periodicals ptCalieation Post ISSN: 767600 i ! t 4